FEDERAL BANK

YOUR PERFECT BANKING PARTNER

Federal Bank Headquarters, Aluva
Federal Bank
• The Federal Bank is a major Indian
commercial bank headquartered in Aluva,
Kerala. As of 2017, the Bank has 1252
branches and 1687 ATMs across the
country.
History
• The Federal Bank Limited (the erstwhile
Travancore Federal Bank Limited) was
incorporated with an authorised capital of
₹5000 from Pattamukkil Varattisseril Brother’s
at Pattamukkil Varattisseril Ancestral Home,
Nedumpuram a place near Thiruvalla in Central
Travancore on 24 April 1931 under the
Travancore Company's Act, 1916. It started with
the business of auction-chitty and elementary
banking transactions related to agriculture and
industry. The home functioned as the bank
office for nearly 15 years
• The bank was named Federal Bank Limited on
2 December 1949, after completing the
formalities of Banking Regulation Act, 1949.
• In January 2008, Federal Bank opened its first
overseas representative office in Abu Dhabi.
• In April 2015, Federal Bank posted its highest
ever net profit at Rs 1005.75 crore for the
fiscal 2014-15. The net profit grew 20% during
the year which saw the deposits and advances
of the bank outgrow that of the industry by
40%.
• In November 2016, Federal Bank opened its
second UAE representative office in Dubai as
part of a strategy to expand footprints in the
Persian Gulf region to serve its fast growing
overseas clients.
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Digital Banking
• In August 2013, Federal Bank introduced
FedBook, the first electronic passbook
launched by any bank in India. FedBook is a
mobile app through which customers can
view their passbook details.In May 2015,
Federal Bank and SBI Card launched Federal
Bank-SBI two co-branded Visa credit cards,
namely Platinum and Gold ‘N More.
• In August 2015, creating history, Federal Bank
launched India’s first Mobile App for Bank
Account Opening. Bank has introduced this
unique facility of Mobile based Bank Account
Opening as an upgrade to FedBook, its e-
Passbook App. With the new avatar of
FedBook, anyone having an Aadhaar Card and
PAN Card, can open a Savings Bank Account
and get their Account Number instantly using
a mobile from anywhere. Further, the account
can also be funded with an initial remittance
through online fund transfer up to a maximum
amount of Rs. 10000.
• In August 2016, Federal Bank launched
Lotza, the Unified Payment Interface app.
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Awards
• Federal Bank won the Best Performed Old
Private Sector Bank in Kerala for the year
2015-16[
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